Environmental Risk Management

Exposure to environmental risk affects far more companies than those directly involved with hazardous materials. All are subject to the costs and liabilities of environmental exposures. Risk managers in virtually every industry must proactively analyze environmental risk issues to determine vulnerabilities.

Presently ELD Liabilities represent a significant operating Liability and Gap in many risk management and insurance programmes , most notably the European Communities ( Environmental Liability ) Regulations 2008.. It is not true to say that these risks cannot be adequately insured however we also believe that the purchase of Insurance alone is not necessarily the answer.

Customized Environmental Risk Analysis
Aon’s Environmental Risk Services Group can analyze, quantify, mitigate, and transfer your company’s risks to deliver coverage tailored to your business. Comprehensive risk analysis of your potential environmental exposures can identify at-risk operations, liabilities assumed or discharged at purchase or sale, regulatory compliance, and potential remediation.

Environmental Risk Modeling and Management
Our environmental risk analysis tools will determine the frequency and severity of your exposure, including:

• Site condition uncertainties
• Third-party toxic tort uncertainties
• Probabilities modeling techniques
• Decision tree analysis
• Monte Carlo risk evaluation

Our risk management programs can administer your risks moving forward by providing secured creditor cover, site specific environmental risk modelling, liability buyouts, guidance on federal and state regulations, and environmental education and training.

A Team That Understands the Issues
Recognized by Risk Insurance magazine as the strongest environmental risk management team in the industry, we can provide you with the specialized expertise needed to understand your exposure and how it impacts your financial objectives. We have developed risk modelling solutions for the largest and most complex environmental placements, drawing on experience in environmental law, remediation and risk management.
Our team also assists clients in developing sustainability platforms and initiatives that include carbon emissions, carbon footprinting, carbon credit verification and other related greenhouse gas and global warming topics.